Cigna
PassportCard

iPMI In Focus

Expat Employees in Middle East Call for Workplace Pension Schemes

12-11-2024 Expatriate Healthcare Insurance News iPMI Global

A survey of 1,504 expatriate workers in Qatar, Saudi Arabia and the United Arab Emirates has highlighted contrasting views on workplace benefits. While 84% of those surveyed cited the benefits offered by their employer as playing a role in their decision to move to the Gulf, there is widespread dissatisfaction with the region’s End of Service Gratuity (EoSG) system. These one-off severance payments, a common practice in the Gulf Cooperation Council (GCC) region, are deemed insufficient for meeting retirement needs by 60% of respondents.

Everest Insurance International® Unveils New Health Insurance Partnership to Transform Employee Care…

10-11-2024 Country Guides iPMI Global

Everest Insurance International has enhanced its growing Accident and Health (A&H) offerings with the launch of Innovator, an AI-driven international private medical insurance product that aims to redefine the standards of employee health coverage. The product is first available in Singapore and was developed in collaboration with DocDoc and AXA Life and Health Reinsurance Solutions.

Navigating the LATAM iPMI Market with Best Doctors Insurance

08-11-2024 Country Guides iPMI Global

In the iPMI Global Regional article, we discover how Best Doctors Insurance can help expatriates, travellers and tourists navigate the healthcare systems in Latin America. We review the key themes and insights from an interview with Sheldon Kenton, CEO of Best Doctors Insurance, published by iPMI Global. The interview focuses on the company's position in the Latin American international private medical insurance (IPMI) market, highlighting its strategies, the challenges, and opportunities.

UnitedHealthcare Global: Quality in Action

08-11-2024 iPMI iPMI Global

This has been an exceptional year for UnitedHealthcare Global. They've launched a new strategic alliance with QLM Life & Medical Insurance Company Q.P.S.C (QLM) to offer local and international coverage in Qatar and have recently announced a new collaboration with Qatar Insurance Company (QIC, QIC Group) for locally compliant solutions in the UAE. They've also implemented biometric verification using fingerprint or facial recognition for their member portal and apps, adding an extra layer of security, and introduced two new wellness resources—on-demand mindfulness from Calm and financial wellbeing resources from BrightPlan—embedded in every plan to support members' holistic health.

Pole Star Global and RightShip Enter Strategic Partnership to Enhance Maritime Risk Management and S…

30-10-2024 Marine and Seafarer Insurance iPMI Global

Pole Star Global, a leading provider of maritime intelligence and compliance solutions, is pleased to announce a strategic partnership with RightShip, the digital maritime platform providing expertise in safety, sustainability, and social responsibility practices. This collaboration marks a significant step forward in delivering comprehensive, integrated solutions that enhance safety, compliance, and sustainability across the global maritime industry.

QIC Group Net Profit Increase 16% to QAR 525 million

30-10-2024 Insurance iPMI Global

Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported a net profit of QAR 525 million for the first nine months of 2024, compared to QAR 453 million over the same period in 2023. Following a meeting of the Board of Directors dated 29 October 2024, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results.

WTW Expands Japan’s Corporate Risk & Broking Business with New Insurance Brokerage Service

29-10-2024 Country Guides iPMI Global

WTW, (NASDAQ: WTW), a leading global advisory and broking solutions company, today announced the expansion of its Corporate Risk & Broking (CRB) business in Japan with the launch of an insurance brokerage service. The new service will offer insurance solutions to commercial clients, as well as wholesale facultative reinsurance placement services to partner brokers or agencies in Japan under the entity, WTW Broker Japan Co., Ltd.

Flywire Survey Uncovers Increasing Demand for Flexible, Patient-Centric Payment Solutions in U.S. He…

29-10-2024 Premium Payments iPMI Global

Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, has released its new report, Is Paying for Healthcare Consumer Friendly Yet? examining the topic of healthcare affordability and accessibility among patients in the U.S. The research highlights a significant disconnect between patient expectations and current billing practices in U.S. healthcare, and uncovers opportunities for healthcare providers to both improve the patient payment experience and increase collections.

Healthcare Leaders Across India Bring NVIDIA NIM for Hindi Language to LLM Applications

29-10-2024 InsureTech News iPMI Global

Life sciences and healthcare organizations across India are using generative AI to build applications that can deliver life-saving impacts — within the country and across the globe. Among such leading organizations are research centers at the Indian Institute of Technology Madras (IIT Madras) and the Indraprastha Institute of Information Technology Delhi (IIIT-Delhi), intelligent life sciences company Innoplexus and AI-led medical diagnostics platform provider 5C Network.

Gen Z Leads Demand for More Payment Options from Insurance Sector in the UK

29-10-2024 Premium Payments iPMI Global

Over one in five (22%) consumers have had payment issues when buying insurance policies 35% of consumers look for preferred payment methods when buying insurance  New Adyen and EY report spotlights the potential of fintech in the UK to positively impact the customer experience within the insurance sector A new report published by Adyen, the global financial technology platform of choice for leading businesses, with research conducted by EY, has found that ease of payment is now a top three decision factor for Gen Z and millennials when they are looking to buy insurance.

An AI-Powered Digital Marketplace to Unlock Affordable Insurance and Healthcare in Pakistan

29-10-2024 InsureTech News iPMI Global

VEON Ltd., a global digital operator has announced that Jazz, its digital operator in Pakistan, has launched FikrFree, a new AI-powered digital marketplace for insurance and healthcare. The platform aims to bridge a significant gap in Pakistan, where insurance sector penetration is less than 1% of GDP according to the Securities and Exchange Commission of Pakistan, and millions lack access to essential healthcare. In comparison, insurance penetration in other countries is significantly higher (over 7% of GDP in the US and more than 9% of GDP in the UK, according to the World Bank). FikrFree helps users find accessible and affordable coverage through personalized insurance plans and healthcare services.

Amazon One Medical Leverages AI to Reduce Administrative Burden and Improve Patient Care

29-10-2024 InsureTech News iPMI Global

Amazon One Medical has implemented AI tools to improve the efficiency and quality of primary care. These AI tools, powered by AWS generative AI services, help doctors save time by automating tasks such as note-taking, summarizing medical records, responding to patient messages, and routing tasks to the appropriate team members. The goal is to reduce administrative burden for doctors, enabling them to spend more time building relationships with patients and providing personalized care. Amazon One Medical emphasizes its commitment to patient privacy and believes these AI advancements will revolutionize healthcare delivery.

Wearable Cameras Allow AI to Detect Medication Errors

29-10-2024 InsureTech News iPMI Global

A team of researchers says it has developed the first wearable camera system that, with the help of artificial intelligence, detects potential errors in medication delivery. In a test whose results were published today, the video system recognized and identified, with high proficiency, which medications were being drawn in busy clinical settings. The AI achieved 99.6% sensitivity and 98.8% specificity at detecting vial-swap errors.

Microsoft Expands AI Capabilities to Shape a Healthier Future

29-10-2024 InsureTech News iPMI Global

Microsoft Corp. is unveiling several Microsoft Cloud for Healthcare innovations that connect care experiences, enhance team collaboration, empower healthcare workers, and unlock clinical and operational insights.

Zoom and Suki Plan to Provide AI-generated Clinical Notes to Healthcare Institutions

29-10-2024 InsureTech News iPMI Global

Suki, the leader in artificial intelligence (AI) technology for healthcare, has announced plans to partner with AI-first work platform and leading telehealth platform Zoom Video Communications, Inc. Zoom plans to use Suki’s AI engine, Suki Platform, to generate clinical notes and incorporate AI capabilities into its solution, enhancing user experience and ultimately improving patient care. Suki Platform enables large and small companies alike to build cutting-edge AI experiences with minimal development effort and already reaches nearly one million clinicians across the United States.

FAI Nominated for ITIJ Air Ambulance Award 2024

28-10-2024 Air Ambulance iPMI Global

The Air Ambulance Division of German Special Mission Operator FAI rent-a-jet AG, has been nominated as one of three finalists in the Air Ambulance category of the International Travel & Health Insurance Journal (ITIJ) Awards 2024. This is the sixth time that FAI has been nominated and the nomination follows three award wins in 2012, 2020 and 2021 respectively.

Prudential Pioneers Use of Generative AI For Faster and More Frictionless Medical Claims

24-10-2024 InsureTech News iPMI Global

Google Cloud and Prudential plc (“Prudential”) today announced that Prudential is using MedLM, Google’s family of foundation models fine-tuned for healthcare industry use cases, to improve the accuracy and efficiency of medical insurance claim decisions. Prudential is one of the first insurance providers globally to use MedLM – which is typically used by healthcare organisations to build solutions for doctors, hospitals, and other medical providers to deliver better experiences for healthcare workers and patients.

Introducing the AP Companies GlobalHealth Card: Bridging the Gap for Cashless Medical Services Globa…

09-10-2024 Premium Payments iPMI Global

AP Companies, a global leader in medical assistance and cost containment, is excited to announce its latest innovation—the AP GlobalHealth Card. This new solution will complement our existing cashless network by filling in the gaps where patients previously had to pay out-of-pocket and claim reimbursements later. Now, clients and their insured members can seamlessly cover medical expenses without the need for upfront payments or lengthy reimbursement processes.

Ross Walker Joins Prudential plc as Senior Director, Health Strategy & Proposition

02-10-2024 Appointments iPMI Global

Former Cigna Healthcare Chief Commercial Officer, Global Individual Health, Ross Walker has been appointed Senior Director, Health Strategy & Proposition at Prudential plc in Hong Kong. Ross joined Cigna Healthcare back in 2011 in the start-up Global Individual Health business and has held diverse roles across Marketing, Strategy and Product Management in Asia Pacific. Ross rejoined the individual health business last year after a 3-year stint as Head of Strategy & Transformation for Cigna Healthcare in the Middle East & Africa Region.

12 Frequently Asked Questions About International Private Medical Insurance (iPMI) for Digital Nomad…

01-10-2024 Digital Nomads Insurance iPMI Global

In this iPMI Global in Focus Digital Nomads article, we examine 12 frequently asked questions about iPMI for digital nomads. The rise of the digital nomad market brings both opportunities and challenges for international private medical insurance (IPMI) providers, requiring them to adapt their products and services to meet the unique needs of this growing demographic.

Introducing OceanCare International Private Medical Insurance

01-10-2024 Marine and Seafarer Insurance iPMI Global

HealthCare International Group (HCI Group) is proud to announce the launch of its new division, OceanCare, which will provide excellent value International Private Medical Insurance (IPMI) plans specifically designed for marine crew and seafarers.

How Are Global Assistance Companies Leveraging Technology to Improve Their Services?

01-10-2024 Assistance iPMI Global

This iPMI Global in Focus Assistance article examines ways that global assistance companies are using technology to improve their services. While these technological advancements are transforming the travel and medical assistance market, it's important to note that the human element remains crucial, particularly in situations that require empathy, critical thinking, and immediate action.

8 Frequently Asked Questions about the International Medical and Travel Assistance Market

01-10-2024 Assistance iPMI Global

This iPMI Global In focus Assistance article, studies 8 frequently asked questions about the global assistance market, focusing on the challenges and opportunities facing the medical and travel assistance industry.

Trawick International Announces 2 Key Leadership Appointments

01-10-2024 Appointments iPMI Global

Trawick International, a leading international insurance company, is pleased to announce two strategic additions to its leadership team: Yirka Marban as the new Head of Human Resources, and Brent Judge as Vice President of Corporate Sales & Distribution for North America.

APRIL International UK Launches Easy Pay Card: A New Digital Payment Solution for UK Policyholders

01-10-2024 Premium Payments iPMI Global

APRIL International has introduced its latest innovation, the Easy Pay Card, for clients of its UK business, following a successful launch in other markets last year. The card has been used in over 50 countries since its launch and in France, it has won prestigious awards for digital innovation in personal insurance services from organisations including the Argus de l’assurance and Cas d'Or Banque Assurance.

Managing Fraudulent Payment Risk in the International Private Medical Insurance Market

27-09-2024 Premium Payments iPMI Global

Digital payment platforms often incorporate robust security measures, including fraud detection algorithms and compliance with industry standards, to minimize the risk of fraudulent transactions. This helps protect both the insurer and the insured from financial losses. In this iPMI Global in Focus Payments Article, we examine how international health insurance providers can manage fraudulent payments risk, and which areas they should be focusing on.

Emerging Trends in the Global Health Insurance Payments Market

27-09-2024 Premium Payments iPMI Global

Digital payments provide a significantly more convenient and user-friendly experience for customers in the global healthcare insurance market. Features like online portals, mobile payments, and recurring payment options streamline the payment process and eliminate the need for manual paperwork or phone calls. In this iPMI Global in Focus Payments article, we examine some of the emerging trends in the global insurance payments market, and how companies like Flywire are helping to drive these changes:

Navigating Regulatory and Compliance Requirements in the International Private Medical (iPMI) Market

27-09-2024 iPMI iPMI Global

This iPMI Global in Focus article examines the rising complexity of regulations and compliance within the international private medical insurance (IPMI) market. Here are the top takeaways regarding regulation and compliance in the iPMI Market:

International Health Insurance Premium Payments Frequently Asked Questions

27-09-2024 Premium Payments iPMI Global

This iPMI Global Insurance Payments Insights article examines current frequently asked questions about how international health insurers may streamline their premium payments workflow whilst improving the customer experience using the latest payment technology.

8 Frequently Asked Questions about the International Private Medical Insurance (IPMI) Market

26-09-2024 iPMI iPMI Global

In this iPMI Global In Focus article, we explore the top 8 frequently asked questions about the iPMI market. 

How Insurtech Helps the iPMI Market Comply with GDPR and the IDD

26-09-2024 InsureTech News iPMI Global

InsurTech solutions help international private medical insurance (iPMI) companies comply with regulations like the General Data Protection Regulation (GDPR) and the Insurance Distribution Directive (IDD)

Top 5 InsurTech Trends for the International Private Medical Insurance Broker Market

26-09-2024 InsureTech News iPMI Global

This iPMI Global InsurTech in Focus article examines the Top 5 insurance technology trends in the international private medical insurance broker market. In the recent iPMI Global Insurance Technology Round Table, technology is shown to enhance the relationship between International Private Medical Insurance (IPMI) brokers and their clients:

Key Insights from the iPMI InsurTech Strategies Round Table 2024

26-09-2024 InsureTech News iPMI Global

This iPMI Global In Focus Insurtech article, examines and analyses key take aways and insights from a recent iPMI Global Round Table, that focussed on insurance technology adoption in the international private medical insurance market.

International Private Medical Insurance (iPMI) and InsurTech Solutions: Frequently Asked Questions

26-09-2024 InsureTech News iPMI Global

This iPMI Global briefing article reviews frequently asked questions and insights from the "iPMI InsurTech Strategies Round Table 2024", focusing on InsurTech solutions designed for the international private medical insurance (iPMI) market.

Health Compass Strengthens Market Presence With 4 New Adviser Signing

25-09-2024 InsureTech News iPMI Global

Health Compass, a leading InsurTech platform in the international private medical insurance (IPMI) market, continues to build momentum following its successful relaunch, with the onboarding of four leading advisory groups in the health insurance and wealth management sectors as new partners: DR-WALTER, Hoxton Wealth, Status Global Insurance and Santé Group.

Saudi Arabia: Council of Health Insurance Launches "Bushra"

18-09-2024 Country Guides iPMI Global

The Council of Health Insurance has launched "Bushra," a virtual assistant powered by artificial intelligence. This innovative tool aims to enhance the quality of services provided and improve the experience of CHI beneficiaries, contributing to increased satisfaction and better healthcare service delivery.

Employers Expect Third Consecutive Year of Health Benefit Cost Increases Above 5% in 2025

12-09-2024 Private Medical Insurance & Employee Benefits iPMI Global

Mercer has released preliminary results from its 2024 National Survey of Employer-Sponsored Health Plans. According to an analysis of responses from over 1,800 US employers, total health benefit cost per employee is expected to rise 5.8% on average in 2025, even after accounting for planned cost-reduction measures. Employers estimated that their cost would rise by about 7%, on average, if they took no action to lower cost. Smaller employers (those with 50-499 employees), which typically have fully insured health plans, have been hit the hardest. They reported that cost would rise by about 9% on average if they took no action to lower cost.

MENA: Cigna Healthcare Launches New Campaign

06-09-2024 Country Guides iPMI Global

Cigna Healthcare, a global leader in health services, has launched its latest campaign, 'Your Health Plan Your Growth Plan,' aimed at reinforcing the critical connection between employee well-being and organizational health. This initiative highlights the importance of holistic health approaches in cultivating a productive and engaged workforce, essential for driving business success.

Blink Parametric Enters Africa with MAWDY

05-09-2024 InsureTech News iPMI Global

Irish Insurtech Blink Parametric and MAWDY, the global insurance, reinsurance and services company and part of the MAPFRE Group, continue their global rollout of real-time travel assistance InsurTech to the network of ceding Insurers reinsured by MAWDY across the Sub-Saharan region.

SiriusPoint Announces New Partnership with Travel Insurtech Gigasure

04-09-2024 InsureTech News iPMI Global

SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced a new strategic partnership with Gigasure, an insurtech startup offering personalized travel insurance.

UK: Nearly 100,000 More Hospital Admissions Paid for by Private Medical Insurance Than Self Pay

03-09-2024 Private Medical Insurance & Employee Benefits iPMI Global

Latest data from the Private Healthcare Information Network (PHIN) in the UK finds that in January to March 2024 there were more private hospital admissions (238,000) than in any previous quarter on record.

Foyer Global Health to Collaborate with Teladoc Health to Launch Additional Well-Being Services

20-08-2024 iPMI iPMI Global

Foyer Global Health is extending its range of telemedicine services and reinforces its position as a care provider. Foyer Global Health, the international health insurer for expatriates and companies, is thrilled to announce the launch of new telemedicine services in collaboration with Teladoc Health, the global leader in virtual care, and long- standing partner of the insurance company. This launch represents an important step forward in providing Foyer Global Health customers with high quality healthcare.

Exclusive: PassportCard Expands into French iPMI Market

20-08-2024 iPMI iPMI Global

Innovative international private medical insurance provider, PassportCard is excited to announce its expansion into France. In Germany, PassportCard has become a preferred choice for both individuals and corporate clients, thanks to its ability to meet the unique needs of expatriates and other internationally mobile employees.

PassportCard Celebrates Strong Online Assets for Brokers and HR Managers

19-08-2024 iPMI iPMI Global

Transparency, Efficiency, and Competitive Advantage with PassportCard The EU division of the iPMI provider, PassportCard introduces new and improved tools for brokers. In the competitive landscape of the international private medical insurance market, health insurance brokers play a crucial role in linking clients with the most suitable coverage options. Recognizing the importance of transparency, efficiency, and competitive pricing, PassportCard has developed a comprehensive support system tailored to meet the needs of brokers, ensuring they have the tools and information necessary to excel.

Blink Parametric Launches New App-based Travel Assistance Bundle in Partnership with Gigasure

19-08-2024 Assistance iPMI Global

Blink Parametric has announced a partnership with Gigasure, enabling travellers to access Blink Parametric’s travel assistance products through an app for the first time, simplifying access to real-time benefits. Gigasure policies are underwritten by SiriusPoint (NYSE: SPNT), with claims and assistance services being provided by IMG, a global insurance and assistance services company and subsidiary of SiriusPoint.

AXA and Trip.com Strengthen Global Strategic Partnership with the Launch of "Trip.com Travel Sm…

09-08-2024 Travel Insurance iPMI Global

AXA Hong Kong & Macau (AXA), and Trip.com, a leading global travel services provider, has announced the launch of "Trip.com Travel Smart" ("Travel Smart") for travellers. This launch further strengthens the global strategic partnership between AXA and Trip.com. Travel Smart is an exclusive tailor-made travel insurance product available to Trip.com customers.

UAE: New Project to Assist Tourists with Health Insurance Issuance

23-07-2024 Country Guides iPMI Global

Announced Monday, July 22nd, the United Arab Emirates (UAE) Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has announced a project to assist tourists with health insurance issuance as part of its “transformational projects.”

Singapore Recrowned Most Powerful Passport in the World

23-07-2024 Expatriate Healthcare Insurance News iPMI Global

Singapore breaks away from the peloton of six countries that shared the top spot on the Henley Passport Index as we entered the new year, reclaiming its title as the world’s most powerful passport in the latest ranking published today. The city-state also sets a new record score, with its citizens now enjoying access to 195 travel destinations out of 227 around the world visa-free.

IMG Welcomes Susan Yates as Chief Customer Officer

17-07-2024 Appointments iPMI Global

IMG (International Medical Group), an award-winning global insurance benefits and assistance services company, is pleased to introduce Susan Yates as the company’s new Chief Customer Officer. Yates joins the IMG team with more than 25 years of experience in the insurance and global assistance industries.

Designing International Private Medical Insurance Plans for Digital Nomads

09-07-2024 Digital Nomads Insurance iPMI Global

In the iPMI Global Digital Nomads in Focus Article, we look at which coverage options should be included in an international private medical insurance plan for digital nomads, and which ones might be left out. As always, if you are a digital nomad, purchasing an international private medical insurance plan, always consult with your insurer or broker for the full advice.

How Serious a Problem is Fraud, Waste and Abuse in International Health and Travel Insurance Markets…

05-07-2024 Cost Containment iPMI Global

In this iPMI Global Cost Containment In Focus article we talk with the movers, shakers and deal makers from the international assistance and cost containment market, and ask, how serious a problem is fraud, waste and abuse in the business? According to the FBI, Health care fraud is not a victimless crime. It can affect everyone from individuals to businesses. Healthcare fraud causes tens of billions of dollars in losses globally every year, and may help raise health insurance premiums, expose patients to unnecessary medical procedures and increase taxes.

International Private Medical Insurance (iPMI) for Digital Nomads

05-07-2024 Digital Nomads Insurance iPMI Global

In this iPMI Global Digital Nomads In Focus article we talk with the movers, shakers and deal makers from the international private medical insurance market, and ask, which iPMI policies are suitable for digital nomads? What is the scope for individual and group business? Most digital nomad visas demand health insurance and some specify IPMI. So how big is this new market?

Premier Choice Group (PCG) Acquires Employee Benefits Intermediary Advo Group Limited

03-07-2024 Private Medical Insurance & Employee Benefits iPMI Global

Premier Choice Group (PCG), the Private Medical Insurance and Employee Benefits business of Brown & Brown (Europe), has completed a deal to buy the employee benefits intermediary Advo Group Limited.

Cigna Healthcare Names Leah Cotterill Middle East and Africa CEO

03-07-2024 Appointments iPMI Global

Cigna Healthcare has announced Leah Cotterill as the new Chief Executive Officer (CEO) for Cigna Healthcare – Middle East and Africa (outside KSA). Cotterill becomes the first female CEO to lead an international health insurance company in the UAE, marking a significant milestone for the industry. The announcement aligns closely with the UAE’s commitment to including more women in leadership roles and fostering gender equality.

FAI Air Ambulance receives Outstanding Sector Leadership and Growth Award at the MEA Business Achiev…

02-07-2024 Air Ambulance iPMI Global

FAI’s Air Ambulance Division has been awarded the ‘Outstanding Sector Leadership and Growth Award’ in the Air Ambulance category at the MEA Business Achievement Awards 2024 in Dubai. FAI’s Dubai-based team members accepted the award from Kenneth Mitchen, Executive Director and Publisher, Creative Middle East Media at a prestigious ceremony and gala dinner held at the Ritz Carlton JBR on June 25th. Determined by a panel of industry experts, the MEA Business Achievement Awards recognise and celebrate the most innovative and successful businesses and leaders across the Middle East and Africa.

AXA Hong Kong and HK Express Airways Launch Exclusive Insurance Partnership and Co-Branded Aircraft

18-06-2024 Travel Insurance iPMI Global

AXA Hong Kong and Macau (“AXA”) and HK Express Airways (“HK Express”) announce an exclusive insurance partnership agreement and held the collaboration kick-off ceremony. AXA is committed to offering HK Express customers a fast, simple and convenient travel insurance experience while providing tailored protection for the mass travellers, enabling them to travel on their own terms.

Howden Expands International Health Insurance Business with Acquisition of iPMI Broker GLOBASSURE

14-06-2024 iPMI iPMI Global

Howden, the largest insurance and reinsurance broker in Greece, continues to dynamically grow its international health insurance business with the recent acquisition of GLOBASSURE. Led by Mr. Filis Athinaios, the GLOBASSURE team has more than 20 years of experience and expertise in international health & travel programs, while the family tradition of the company's shareholders in the insurance market exceeds 100 years.

nib Completes Ambitious Migration to Cloud

14-06-2024 InsureTech News iPMI Global

nib holdings (ASX: NHF) has announced that it has delivered on its cloud-first strategy, deepening its collaboration with Amazon Web Services (AWS) by migrating more than 95% of its on-premise workloads across all business lines into AWS.

Size, Segmentation, Growth and Competitive Structure of the Global MGA/MGU Sector

11-06-2024 Insurance iPMI Global

In 2023, revenues earned globally by MGAs, MGUs and cover-holders surged to around USD 23.9 billion Combined market share of the top five groups is less than 20% of worldwide MGA revenues Over 1,650 individual enterprises in this sector are on course to write premiums of more than USD 10 million in 2024 According to an updated ranking and analysis completed by Insuramore (www.insuramore.com/rankings/mgas-mgus/revenues), the value of revenues earned worldwide by MGA, MGU and cover-holder groups (a.k.a. delegated underwriting authority / underwriting agency groups) was around USD 23.9 billion in 2023 with between 70% and 75% of this due to direct commercial P&C (non-life) insurance and the rest to direct private P&C, life and health insurance plus reinsurance.

Allianz Partners USA Announces Launch of Allyz® TravelSmart

11-06-2024 InsureTech News iPMI Global

Allianz Partners USA  has announced the launch of the Allyz® TravelSmart mobile app, a new digital platform providing travelers with trusted advice and expertise as well as easy access to a wide range of insurance benefits for Allianz Global Assistance customers. The launch of the mobile app is an important milestone in the expansion of Allianz Partners' digital platform, providing users with an essential array of travel services.

Global Healthcare Report Reveals Shocking Rise in Mind Health Concerns Among Expatriates

11-06-2024 Expatriate Healthcare Insurance News iPMI Global

4 in 5 (80%) non-native employees are experiencing negative mental health symptoms as a direct result of their working environment. Worrying findings from the fourth non-native Mind Health Report produced by leading international health insurance provider, AXA - Global Healthcare, show that workplace wellbeing has continued to decline for non-native employees.

Generali Global Assistance: Americans Seek Authenticity in Travel

10-06-2024 Assistance iPMI Global

Generali Global Assistance (“GGA”) has announced the findings from U.S. respondents to the 2024 Holiday Barometer – the annual poll sponsored by its parent company, Europ Assistance, and conducted by the consumer research firm Ipsos. The survey was conducted between March 27 and April 22, 2024, in 21 countries.

CoverGo Unveils Next-Gen, AI-Powered Distribution Platform with a Growing List of Early Adopters

10-06-2024 InsureTech News iPMI Global

CoverGo, the leading global no-code insurance SaaS platform, today announced the launch of CoverGo Distribution, a game-changing, AI-powered insurance platform for omni-channel distribution. CoverGo Distribution is designed with flexible architecture and advanced technology to enable insurers, MGAs, brokers, and others to distribute life, health, and P&C products across multiple channels – direct, agent, broker, bancassurance, embedded insurance, and affinity partnerships.

Anterior Secures $20 Million Series A to Unlock Administrative Efficiencies for Healthcare Payers

10-06-2024 InsureTech News iPMI Global

Anterior, the AI company built by clinicians to transform healthcare administration, today announced the completion of a $20 million Series A funding round. The funding round was led by New Enterprise Associates (NEA), with participation from Sequoia Capital, Blue Lion Global, and Neo. Previously named Co:Helm, the company recently rebranded to Anterior.

GMS Chooses CoverGo as New Core Health Insurance Platform To Enable Digital Transformation

08-06-2024 InsureTech News iPMI Global

Group Medical Services (GMS), a leading health insurance company in Canada, and CoverGo, a leading global no-code insurance SaaS platform for health, life, and P&C, are joining forces to digitize GMS’s entire health insurance ecosystem.

Deloitte: Summer Travel Stays the Course Amid Pricing Pressures

08-06-2024 Travel and Tourism iPMI Global

As costs takeoff, shifting demographics and desire to stretch dollars are changing how Americans travel. Amid rising prices, Americans still value their travel plans, as 48% plan to travel and stay in paid lodging, on par with last year, but take fewer vacations overall this summer.

China: Insurance and Banking Sectors Continue to Enhance Financial Services Q1 2024

07-06-2024 Country Guides iPMI Global

According to recent stats from the National Financial Regulatory Administration in Beijing, total assets of the insurance companies amounted to RMB 32.9 trillion, up by RMB 1.4 trillion or 10.4% from the beginning of the year 2024.

Ireland: Average Cost of Health Insurance is now €1,685

07-06-2024 Country Guides iPMI Global

According to The Health Insurance Authority Ireland quarterly market statistics for Q1 of 2024, the average adult premium is now €1,685 - an increase of almost 13% on the first quarter of 2023. 

Hong Kong: Insurance Market Grows 12% Q1 2024

07-06-2024 Country Guides iPMI Global

According to the Hong Kong Insurance Authority, provisional statistics for the first quarter of 2024, show a rise of total gross premiums by 12.2% to $165.1 billion over the corresponding period in 2023.

EGYPT AIR Chooses GIG Egypt and APRIL International for Pilot and Cabin Crew Insurance

07-06-2024 iPMI iPMI Global

Leading international health insurance provider APRIL International has announced that EGYPT AIR has chosen GIG Egypt and APRIL international for pilot and cabin crew insurance. EGYPTAIR is one of the world’s pioneer airlines. Established in May of 1932, it became the seventh carrier in the world.

World of America: Cancun and Riviera Maya 2024 Convention a Resounding Success

07-06-2024 iPMI iPMI Global

Cancun, Mexico - World of America (WOA), a leading broker in international private medical insurance and financial protection solutions, recently concluded its highly successful 2024 convention at the luxurious 5-diamond Xcaret Arte hotel in Cancun and Riviera Maya.

UnitedHealthcare Global Establish New Collaboration with QLM Life & Medical Insurance Company Q…

07-06-2024 iPMI iPMI Global

At UnitedHealthcare Global, we are committed to delivering better experiences for our clients, our members, and their families, wherever they are in the world.We are therefore delighted to share that we have established a new collaboration with QLM Life & Medical Insurance Company Q.P.S.C. (QLM). This relationship will enable us to provide our members in Qatar with access to high quality, local health care and locally compliant insurance plans. Through QLM's extensive network throughout Qatar, the Gulf Cooperation Council (GCC) member states, Jordan and Lebanon, our members will have access to quality care and the support of QLM’s local team.

IMG Expands Partnership with Teladoc Health to Provide More Travelers with Telehealth Services

06-06-2024 iPMI iPMI Global

IMG (International Medical Group), an award-winning global insurance benefits and assistance services company, has announced an expansion of their partnership with Teladoc Health, the global leader in whole person virtual care. Service capabilities will be expanded for IMG customers with existing telehealth services as well as allow telehealth services to be offered through additional IMG plans.

India: Axis Bank and Bajaj Allianz General Insurance Forges Bancassurance Alliance To Boost Insuranc…

06-06-2024 Country Guides iPMI Global

In this iPMI Global country updates article, we go to India, and take a look at news that Axis Bank and Bajaj Allianz General Insurance has forged a bancassurance alliance to boost insurance adoption.

Join iPMI Global Round Table: International Medical and Travel Assistance Strategies 2024

06-06-2024 Assistance iPMI Global

This upcoming closed door executive iPMI Global round table, looks at the opportunities and challenges in the international medical and travel assistance market in 2024.

UnitedHealthcare Global
Cigna

Welcome To iPMI Global

iPMI Global is the leading business intelligence provider for international private medical, health, travel and expatriate insurance markets worldwide. Due to the nomadic nature of the international private medical insurance (IPMI) market, iPMI Global is an internet based news service for worldwide insurance and medical assistance professionals who need to understand the impacts of insurance and healthcare policy, regulatory, and legislative developments.

Senior level business executives, in over 120 countries, rely on iPMI Global to stay 1 step ahead of the risk and on the inside track of international PMI.

Covering business travellers, high net worth individuals, expatriate and leisure travel markets, iPMI Global is the only international news source covering the most exciting sector of international health insurance: international private medical insurance.

Socials